Stock under Discussion: New Residential Investment Corp. (NRZ)

(NYSE:NRZ) shares ended at $16.62 with 3.02 mln shares exchanging hands. It opened the session with a $16.52 price tag, later ranging from $16.46 to $16.62, the range at which the stock has traded at throughout the day.

Several institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its position in New Residential Investment Corp by 402.5% in the third quarter. First Trust Advisors LP bought a new position in New Residential Investment Corp during the third quarter valued at $2,690,000.

04/20/2015 - Bank of America Merrill Lynch began new coverage on New Residential Investment Corp. giving the company a " rating. Navellier & Associates Inc acquired a new stake in shares of New Residential Investment Corp during the third quarter valued at about $192,000. Finally, Bank of Montreal Can raised its position in shares of New Residential Investment Corp by 433.8% in the third quarter. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.

New Residential Investment Corp (NYSE:NRZ) traded up 1.38% during midday trading on Tuesday, reaching $16.85. New Residential Investment Corp has a 52-week low of $11.36 and a 52-week high of $17.25. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 1.13%. That puts the market capitalization at $5.12 bln. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Residential Investment Corp. with's FREE daily email newsletter. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.07. (NRZ) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that New Residential Investment Corp. The 1 year EPS growth rate is 59.80%.

Returns and Valuations for New Residential Investment Corp.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Monday, March 27th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 23rd.

The stock now has its Annual Dividend of $1.92 and an annual Dividend Yield of 11.57 Percent. The Relative Volume value measured for New Residential Investment Corp. If you are viewing this report on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright law. (NRZ) reported its Actual EPS of $0.62/share. Compass Point Downgrades New Residential Investment Corp.

NRZ has a 1-year high price of $17.25 and 1-year low price of $11.36. Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of New Residential Investment Corp in a research note on Monday, February 6th. They now have a United States dollars 21 price target on the stock.

In other news, CEO Michael Nierenberg purchased 18,600 shares of the business's stock in a transaction on Friday, February 3rd. The stock was purchased at an average price of $15.00 per share, for a total transaction of $279,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 935,352 shares in the company, valued at approximately $14,030,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Hedge funds and other institutional investors own 46.29% of the company's stock. Chicago Equity Partners LLC now owns 330,730 shares of the real estate investment trust's stock valued at $4,567,000 after buying an additional 114,750 shares during the period. The Company focuses on investing in, and managing, investments related to residential real estate.